Duncan Barrett, chief operating officer at Omni Housing Development, said the company plans to build a 330-bed, $20 million residence hall. Barrett and the Troy school are negotiating a lease for 45 Vandenurgh Place where the residence hall will be constructed. A lease should be finalized by fall. Omni Housing is the residential arm of Albany, New York-based commercial real estate firm Omni Development.

Omni Development will lease the property from Hudson Valley Community College and then build and operate the four-story building. Initial designs include 163 parking spaces. Omni Development presented a project design at a Troy Planning Commission meeting earlier this month and will return to the commission in September.

If a lease is signed, Omni will demolish the existing building at 45 Vandenburgh Place, a vacant 91,000-square foot building the college previously used as office space. Demolition is expected to occur early next year, and construction would start in the spring. The $20 million price tag is an estimate and may change as the project evolves, Barrett says.

Hudson Valley will host a public information meeting on student housing at 7 p.m. next Aug. 27 at the Bulmer Telecommunications Center on the school's Troy campus. It will be the second public forum for the project.

Hudson Valley enrolls 12,882 students, making it the largest community college in the Albany area. Several other area community colleges have constructed student housing in recent years, including Schenectady County Community College, SUNY Adirondack in Queensbury and Fulton-Montgomery Community College in Johnstown.

Megan reports breaking news and covers education.

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